What Is Health Insurance That Is “ERISA Compliant?”

With the Combined Appropriations Act of 2021, compliance with ERISA is now a fiduciary duty for private employers who provide health benefits to their employee members.

This summary first hit these internets in an earlier post. But it’s open enrollment! So for reference, here it is:

Employers paying for health insurance is tax exempt. You can pay people in money, or you can pay them in benefits, and when you pay them in benefits you don’t have to pay taxes. In order to make this legal according to the IRS, those benefit…